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AP HUG: 'Industry & Manufacturing' Flashcards

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13325840636Foreign direct investmentInvestment made by a foreign company in the economy of another country. Usually companies invest where work is cheaper.0
13325840637AgglomerationThe term often refers to manufacturing plants and businesses that benefit from close proximity because they share skilled-labor pools and technological and financial amenities. This process involves the clustering or concentrating of people or activities.1
13325840638FordismThe manufacturing economy and system derived from assembly-line mass production and the mass consumption of standardized goods. This type of work was named after Henry Ford.2
13325840639Break-of-bulk pointA location where goods are transferred from one type of carrier to another. For example from barge to railroad.3
13325840640DeindustrializationProcess by which companies move industrial jobs to other regions with cheaper labor, leaving the newly deindustrialized region to switch to a service economy and to work through a period of high unemployment. A synonym is outsourcing, since both deal with the moving of jobs.4
13325840642Weber's Least Cost TheoryAlfred Weber, the selection of optimal factory locations has much to do with the minimization of land, labor, resource, and transportation costs, variable-cost framework that affects location of factory sites.5
13325840643Industrial RevolutionA period of rapid growth in the use of machines in manufacturing and production that began in the mid-1700s. Began in England with the invention of the steam engine.6
13325840646MaquiladoraA foreign-owned assembly company located in the United States-Mexico border region in order to take advantage of cheaper labor, favorable tax breaks, and lax environmental regulations. This company was located near the border due to export processing zones.7
13325840648OutsourcingA decision by a corporation to turn over much of the responsibility for production to independent suppliers. The term increasingly applies not only to traditional industrial functions, but also to the contracting of service industry functions to companies to overseas locations, where operating costs remain relatively low.8
13325840651Bulk-gaining industryAn industry in which the final product weighs more or comprises a greater volume than the inputs. Coca-cola is an example of bulk-gaining product.9
13325840652Bulk-reducing industryAn industry in which the final product weighs less or comprises a lower volume than the inputs. Copper factories have to be close to the mine because of bulk-reducing industry.10
13325840656Industrial regionsA region with extremely dense industry. It is usually heavily urbanized. Western Europe, Eastern Europe, North America, East Asia are the industrial regions of the world.11
13325840657Cottage IndustryWeaving, sewing, carving, and other small-scale industries that can be done in the home. The laborers, frequently women, are usually independent. Most manufacturing was done this way before the industrial revolution. An industry in which the production of goods and services is based in homes, as opposed to factories.12
13325840659Situational factors of industrial locationProximity (physical distance) to a market, availability of resources, labor and land.13
13325840662Just-in-time deliveryMethod of inventory management that has the shipment of parts and materials to arrive at a factory moments before they are needed.14
13325840663Cottage industryManufacturing based in homes rather than in a factory, commonly found before the Industrial Revolution.15
13326926102labor intensive industryAn industry for which labor costs comprise a high percentage of total expenses.16
13326950083Site factors of industrial locationland, labor, capital17
13326959277right-to-work lawsA state law forbidding requirements that workers must join a union to hold their jobs.18
13483611344Footloose industryIndustry not bound by locational constraints and able to choose to locate wherever it wants.19
13483624887global assembly linemanufacturing process in which products are assembled over the course of several international transactions20
13483641639SEZsspecial economic zones; zones designed to attract foreign companies and investments to China in order to produce products for export.21
13483720680Rust BeltThe northern industrial states of the United States, including Ohio, Michigan, and Pennsylvania, in which heavy industry was once the dominant economic activity. In the 1960s, 1970s, and 1980s, these states lost much of their economic base to economically attractive regions of the United States and to countries where labor was cheaper.22
13483724350Sun BeltSouthern and western states that offered a warm climate year-round, low tax rates, less wages and fewer unions, increasing the opportunities for companies to relocate there and hire workers.23
13483760193comparative advantageThe ability of a country to produce a good at a lower cost than another country can and focusing its primary source of manufacturing on the product.24
13483785644point source pollutionpollution that enters a body of water from a specific source25
13483829530nonpoint source pollutionpollution that originates from a large, diffuse area26
13483832478greenhouse gasesGases such as carbon dioxide, methane, nitrous oxide, water vapor, and ozone in the atmosphere which are involved in the greenhouse effect.27
13483842197greenhouse effectNatural situation in which heat is retained in Earth's atmosphere by carbon dioxide, methane, water vapor, and other gases28
13483848929landfillThe disposal of refuse and other waste material by burying it and covering it over with soil29

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